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The AAPG/Datapages Combined Publications Database

AAPG Bulletin


Volume: 38 (1954)

Issue: 8. (August)

First Page: 1714

Last Page: 1724

Title: World Oil Prospects--From a Geological Viewpoint

Author(s): Hollis D. Hedberg (2)


Both world oil production and world's known oil reserves increase persistently year after year. These increases come mainly not from new oil-producing regions but from further development of long-established regions constituting only a small fraction of the world's prospective oil territory. Many of the remaining regions have not yet been adequately reconnoitered, so odds still strongly favor additional highly productive discoveries. However, already indicated variations in oil endowment suggest also that many regions will always remain barren or poorly productive even though apparently possessing all superficial requisites. Mere sedimentary volume is no index of oil potentiality. Moreover, even presence of adequate source, reservoir, cover, and traps may be nullified by he factor of timing.

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